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bosses are faring. up 6.1%. the ftse in terms of percentage had its biggest gain. using 4600 as a flaw. the dax being the outperformer up 0.8%. cable trading 1.67.. >>> let's move on and look at some of the asian stories with chloe. good morning do you have. >> good morning, steve. approximate we had a strong session for a monday. a lot of optimism that the growth picture in asia is very much on the way, bolstered by the pmi numbers out of china. a lot of green, as you can see, with an exception of the nikkei. a tad lower, but hanging above that 10,000 level. the south korean kospi pulling ahead by half a percent, setting the tone for the rest of asia for the month of july. look at the numbers, actually down for the month, 20%. still better than expected. over in the greater china market, more news. the hang seng up by 1.1%. investors getting a lot of conviction over those pmi numbers. the bombay sansex also higher by half a percent. it will be about the job numbers we get out of the u.s. later this week. >>> nymex light sweet crude processed $70 per barrel. gaining ground by more than
-ed opinion piece in the "new york times" saying that the u.s. continues to need that stimulus, do everything that's important right now, but they have to keep an eye on the future, he says. estimate ewe husband and the net debt of the country is growing at 1 percentage point per month and that's something to worry about long-term. we'll talk more about that in a moment. taking a look at bond, the 10-year bund at this point trading down right now. the yield is lower at 3.27% ahead of the boe minutes which which are due out in the next hour. and also we've got the ten-year note here down to 3.45% having rallied at this point yesterday. taking a look at gold with a bit of dollar strength this morning, we are seeing a bit of gold weakness just a skosh, off 0.4% down about $3.85. joining us now is ivan mamale and simon grose-hodge in lichtenstein. simon, i want to start with you. in your notes, you say essentially the data that everyone has been pinning their recovery hopes on is starting to plateau. i'm wondering if you see the markets kind of in that same sort of stall pattern heading here into
in the u.s. the retail sector is in focus today as walmart posts second quarter results. >>> hello and welcome to cnbc's "worldwide exchange." so global equities trying to be firmer. the ftse cnbc 300 is up 21 points. we managed to get a positive close in wall street. european stock markets had a bit of a boost here this morning with the growth numbers out of france and germany. we're going to get the eu whole number coming out in a while. the ftse 100 up 0.8% as well as the xetra dax. cac 40 up 0.7% and smi up 0.5%. what happened this morning, the growth dmeft irk numbers up 0.3% in germany. it's down on a comparative basis, 7.1% less than where we were standing for growth a year ago. but quarter on quarter, it was positive. that helped the euro extend some gains against the dollar this morning. euro/dollar up to 1.4245. dollar is firmer against the yen and sterling rebounded, as well against the greenback. >> those upbeat comments from the fed gave markets here enough region to cheer. markets gaining higher in asia, for instance, the nikkei 225 up 0.8%. the kospi marginally lower
i speak for all of us, our deepest condolences to the family. up next, john roberts sitting in for anderson cooper. >>> thanks, wolf. tonight, separating health reform fact from fear and a town hall meeting with a big difference. president obama. he attended one today in new hampshire and a guy outside packing heat, carrying a sign calling in so many words for death to tirades. the quotation of thomas jefferson. out in the open, a handgun. meantime, at the office of georgia congressman david scott who took on protesters the other day, someone painted a swastika out front. as you will see in a moment, anger at town halls across the country. that said, there were moments of clarity and we help to add some of our own tonight. first, president obama at por portsmouth high school in new hampshire in his own words. >> i don't think anyone should be in charge of your health care decisions but you and your doctor. i don't think government bureaucrats should be meddling but i also don't think insurance company bureaucrats should be meddling. that's the health care system i believe in
. no brent, we don't have brent, but it should be pulling, as well. mike, over to you in the u.s. how are you today? >> thanks, christine. doing well, thank you. hope you are too. and we're about 5 1/2 hours away from the opening bell here in the united states. and we do have the futures pointing toward a lower open across the board. basically investors doing a read through from what's going on in asia and china and barring a major meltdown in the stock market today. nonetheless, this could be the best stock rally, the best six-month rally, that is, since 1933. moving over to the treasury markets, even though we did see that slight selloff in the stock market on friday, we did see the price go up and the yield come down. that's continuing today at 2.3%, but maybe a pronounced selloff if we move on to the ten-year tee note. right now we have the yield pulling in again just a little bit at 3.4%. as far as gold is concerned, it did go up 1% in friday's trading, and it might be oil price related, christine was just talking about and also inflation fear-related, but we did see the price holding st
documents show his body contained lead beloved -- levels of a powerful anesthetic. propfiol is normally used to anesthetize hospital patients before surgery. now close friends say he often board about the star's drug use. >> i am absolutely not surprised. i have witnessed myself things, and certain events with michael, that led me to believe that if this continues, he will destroy his life. >> it is a merged jenson's personal doctor, conrad mourey, told police he gave the star different sedatives, including propofol the morning he died but also worried jackson was becoming addicted and tried to wean them off. he is at the center of the investigation. it wants to know what part, if any, he played in michael jackson's death. establishing that could lead to charges of manslaughter. his lawyers say much of the court papers about jackson's last hours as police barry and not fact. last week he issued an online plea for sympathy. >> i have done all i could do. i told the truth and i have paid the truth will prevail. >> the l.a. coroner's office will confirm reports they are treating jackson that as
morning, good day or good evening depending on where you are. if you take a look at the u.s. futures, remember, you have a three-day winning streak as we closed out on wall street. a little bit of strength in the futures if you take a peek at the fair value here today. the dow, nasdaq and the s&p, little change in the fair value. if you take a look at the bund in germany, first we'll take a look at the ten-year bund. set the peace. 3.27% is the yield there and you go home with, viola, 3.42%. we'll call it 20 basis points in your pocket. and the price of gold at this time of the day is going to sell for $940 an ounce. little changed on the session. becky, take it away. >> i want to get back on those euro zone august flash services pmi. it was a reading of 49.5, that is a significant increase from july. still, just fractionally below that 50 par level, if you like, and well ahead of the forecast, as well. 46.5 was what the analysts were looking for there. manufacturing pmi, again, 47.9. ahead of forecasts, ahead of the previous month, but still below that par level by just a fraction.
with a surprise loss in its banking division. >> i'm bertha coombs in the u.s. expectations are growing. federal officials say an economic recovery is still taking shape, there are still dangers. >> health low and welcome to cnbc's "worldwide exchange." global equities a little softer today as we go through the european open. the ftse cnbc global 300 down 0.5% one hour into the european trading session. stocks have gone for a dip today. but if we pull up the european bourses for you, we'll show you exactly where we stand. there we go. off 0.5%. ftse 100 off 0.5%, xetra dax off 0.16% cac 40 off more than 0.3%. dollar/yen 9 5.24. euro/dollar, under pressure. down to the low 1.41. big day for sterling today. the bank of england quarterly inflation report in an hour and a half where we hope to get more understanding of why the bank thought it necessary to extend its quantitative easing program. christine. >> hey, ross. here in asia, you mentioned software markets are very soft here today as investors brace for what the fed will say in its statement. nikkei 225 off its ten-month highs, down 1.4%. kos
the latest information. the fourth hiker is at the u.s. embassy in baghdad. >>> to canada where a stage collapsed in the middle of an outdoor music festival killing one person. police say 15 other people were injured at big valley jam boree in alberta. a storm quickly rolled in while some 15,000 people were watching the festival yesterday. the crowd started to evacuate. that is when the stage came crashing down. police say emergency services helped rescue some people trapped under that rubble. >>> a man who caused a lot of nervous moments at laguardia airport has been forced to undergo a psychiatric evaluation. he's accused of bringing a fake bomb to the airport yesterday. as susan reports -- >> reporter: a bomb scare disrupted flights for hours. >> it's sad. >> reporter: 32-year-old man approached this checkpoint. a law enforcement source says he began intoxicated and was carrying a backpack. outside in plain view were two square batteries with wires sticking out. when asked not to move, again, allegedly failed to comply. he looked at though he was trying to wish a switch but nothing h
a frangz at $942.95. joining us this morning to talk about what's been going on in these markets, quite a roller composter week so far. martin dean marnek and alexis dewann fund manager at global cap xa. alexis, i want to start with you. it seems as though these are the unsyncopal markets. everyone has been saying there is a lot of money on the sidelines. it seems every time we have a dip, folks come back in and put a floor on the market. is this sustainable? >> i think you're right. there's tons of money out there, especially in the money market funds. bur yeah, almost when you look at the big systemic risk, it's off the table currently. you look at indicators and ted spreads are trading at the same levels they used to at the beginning of the credit crisis. so this is encouraging. the problem is on the economy and is it sustainable. it's interesting to see that most of the of the revenues from the company were slightly below expectation, although most of them beat on the earnings line. through a lot of cost cutling and a lot of layoffs. that may not be good for unemployment going forwa
's been the last 24 hours or so at 3.33%. u.s. yields here moved fairly high yesterday as we saw a bigger appetite for risk and a lot of folks moved out of the bond fixed income market. we've got the ten-year notoriety now at 3.63% and gold at the moment not attracting too much of a bid, either, with a lot of folks continuing to have that appetite for risk. credit teen. >> bertha, joining us now for market strategy, we have christian baberg market strategist glaxo bank and hopefully we will have steven teich later in the show. christian, do you think markets are too optimistic? >> yes, we do think so. if you look at what's going on in markets right now, markets are pricing in that consumers will start a pick up in demand. namely, that inventory to a certain part will have to be refilled. but from that point on, markets are pricing in a huge pick up in consumer demand and quite frankly, we've had some difficulty seeing where it's coming from. because if you see what consumers are doing, especially in the united states but also in europe, there are savings more now, the savings rate in the
where ben franklin used to sit naked and think. >> oh, yeah. >> that's a hot spot. a subway platform where jerry springer was born in london. >> sure. >> it is a quirky, quirky tour. >> usually, the "weekend window" is stunning vistas and parkways. this morning, we've been warned, i'm intrigued by this story. first, ron claiborne kicks us off. >> good morning, bill and kate. >>> we begin with breaking news after 18 years the remains of american pilot scott speicher who was shot down during the first gulf war have been found in iraq. in a combat mission first night of the war back in january 1991, the military initially declared him killed, but changed his status to missing in action and then captured. the military says his remains were recovered the past week and flown toover air force base for identification. >>> we turn now to the three americans held in iran believed to be college students on vacation who mistakenly crossed the border into iran while hiking. abc's jim sciutto has the latest from london. good morning, jim. >> reporter: well, good morning. efforts are now under way
>>> here in new york, markets taking a breather. commodity stocks and banks seeing -- >> in the u.s., state of wall street's rally could hinge this weekend on data on the consumer and the outcome of the fed meeting. >>> welcome to cnbc's worldwide exchange. we'll start out with a look at the global session at the beginning of the week. down six points. good session as we heard in japan in japan in particular today. nick kay off ten-month highs. one hour into their trading week taking profits from the ten-month highs we closed in at on friday. household goods, construction, weakest sectors at the moment.t. dollar is trying to retain most of its gains. lost a little bit of ground to the yen.n. still 97.40. ua dollar 141.89. bank of england's meeting last week and u.s. selling 85.33. nice to see you. >> hey, nice to see you, too. hope you had a good weekend. in asia, nice start to the week. duty optimism of the u.s. jobs on friday. fueling optimism. u.s. could lead the world into a recovery. that is providing support to the markets. ten-month high.. rise in machinery orders. first time
're not clashing. very interesting. a little bit of a pullback yesterday here in the u.s. we snapped a four-session winning streak. this morning, it looks as though the futures right now are looking to the upside. we've got dow futures up by fair value by about 30 points or so. nasdaq futures are a bit below, dragging down cautious comments coming from john chambers at cisco. he says he thinks the economy is turning the corner. there are questions about cisco's organization and how they're managing the company these days. as far as the bond market is concerned, today it's all about the fate of quantitative easing. we're waiting to hear from the ecb, the boe and, of course, we do have here in the u.s. the jobs picture that we're going to be watching. the ten-year bund is at 3.38% and we've got the ten-year note coming back down in terms of the yield. a little bit yesterday having reached a high of 3.76%. we now know how much the quarterly funding is going to be. we're going to see at least $23 billion in ten years next week being auctioned. gold is easing off despite the weakness in the cora
to have him here with us always on the show. i want to say thank foss all the people behind the scenes who make this thing work. a special thanks this week to the staff over in jerusalem. they were wonderful to work with. from the staff and crew of huckabee let >> you came up with other genes that do things more than week. others featured dr. quack and all that blank lines in the jungle. that was for me i want to see the man. >> a great saturday. >> julie: you can see from short but you know it's out there. hurricane building north and we're tracking its every move. i am julie banderas and where life as fox reports tonight. is release sparked outrage. a convicted terrorist with the blood of more than 200 people on his hands now free and celebrated as a hero back home. tonight, one of america's closest allies rejects the accusations that it struck a deal to free the lockerbie bomber and reaction from the former leader of the investigation, here in the u.s. >> a present inferno. fire consumes a kentucky prison in the midst of a massive riots. now investigators want to know how
of stories. >> thanks for joining us. now that speech on british domestic policy by david cameron. his remarks are from earlier this summer at imperial college in london. [applause] >> thank you very much for that introduction and for your kind words about the need for honesty, openness, and transparency about public spending, something the prime minister and i the skull -- discussed in a slightly less calm and mysterious they. i want to thank imperial college for inviting me to speak here. you do have a remarkable history. these innovations have put willpower into people's hands and have changed the world. i want to talk about people power and the change we need in this country. after the political crisis this year, the consensus for change is overwhelming, but the reality so far has been, let's be frank, underwhelming. the announcement of a behind the doors iraq inquiry, and a prime minister who has talked about restoring the authority of parliament but is still going around making announcements on the radio. if you are serious about change, you need a consistency of argument and a c
the case went all the way to the u.s. supreme court which upheld the city's authority to force miss kelo to sell her property. this is about 90 minutes. >> good afternoon, welcome to the cato institute. my name is roger pilon. i'm the director of center for constitutional studies which is hosting today's book forum. most believe the right to property is sacred and they have the right to do so because the constitution says nor shall private property shall be taken for private use without just compensation. they think their home is their castle. a phrase that stems from the 17th century jurist lord cook. unfortunately, over the course of the 20th century, that right to private property has been slowly eroded by a series of decisions that have come from the state supreme courts and the u.s. supreme court. early on in the area of regulatory takings, and more recently in the area of the full use of eminent domain whereby government condemns a person's property, not for use by the public but rather to transfer the title to another private owner for the purpose of economic development, and
the people and not about taking money out of the free enterprise capitalistic system that made us a great country and putting it in government pockets. >> grassley is the ranking republican on the senate finance committee, deeply involved obviously in health care reform bargaining process. let's talk about president obama, because he's fighting, one of the ones calling those health care reforms scare tactics head on. at a town hall in portsmouth, new hampshire, it was a lot like a campaign rally. the president accused special interest to scare and mislead people. outside the forum, protesters had signs that called him a socialist and protested what they see as a bigger government role in health care. president obama plans more town halls. the white house has launch add weshz to counter critics. >>> during the town hall, president obama says we have the aarp on board. the aarp which has 45 million or 50 says not so fast. the ceo says they have not endorsed any of the health care reform bill. aa rchl p is launch ag multi-million dollar advertising and organizing this to debunk critics. >>>
loss for the second quarter. >> i'm bertha coombs in the u.s. the fed kicks off for a two-day meeting. >> hello and welcome to cnbc's "worldwide exchange." global equities are trying to nudge higher at the moment. the ftse cnbc global 300 is up 7 points this morning. an hour into trade, we have gains after slim losses yesterday. we hit ten-month highs on friday. we'll see whether we can finish back at the highs today. european stock markets one hour into the session, we're up 0.4% on the ftse 100. xetra dax up 0.6%. cac 40 up 0.6% and smi nearly flat. the chinese data shows below forecast factory expansion, as christine was talking about. dollar/yen, 96.85. euro/dollar, 1.4160. sterling/dollar is below 1.65 at the moment. euro/sterling is very much in the ranges. christine. >> here in asia, a positive showing across the board here. in china, we had that industrial production number arising for the month of july, but coming in below expectations. this particular data, really, the key focus. the nikkei 225 up 0.6%. the kospi up 0.2%. the bok kept rates steady there, as well. the shangha
taking care of us here. they were fantastic. that's it for this special edition for "special report" for this time. the only place you will get the whole story. thanks for inviting us into your home tonight. i will be back in washington for tomorrow night's show. we hope you will join us. until then, good night from jerusalem. [captioning made possible by fox news channel] captioned by the national captioning institute --www.ncicap.org-- shepard: fires rage. 164 square miles burned. 12,000 homes threatened. tonight, the fight. i'm shepard smith. the news starts now. it almost doubled in size overnight. now, the monitor wildfire is threatening thousands of homes. >> our house is gone. the whole block has been leveled. shepard: we're live on the front lines of the fire fight. shepard: and former vice president dick cheney says president obama is punishing the cia interrogators who kept the country safe after the attack of 9/11. >> i think it's an outrageous political act. the enhanced interrogation techniques are absolutely essential in saving thousands of american lives. shepard: ton
in the us >>: the beauty of our technology is as a consumer, things won't change, you'll go to the gas station you'll fill up your car but you'll be doing it with a renewable fuel. >>abirached: >>abirached: hello and welcome. i'm raya abirached and this is world business, your weekly insight into the global business trends shaping our lives. this week we are looking back at some of the best stories of the past year. as the recession rolls on it is becoming clear that china has not been as badly hit as many predicted. and as china becomes and increasingly important global power there is a growing feeling that her currency, the rmb could also challenge the dollar as the world's reserve currency. >>reporter: the cranes at fangchenggang hoist the lion's share of global trade in and out of south west china's guangxi zhuang region. >>: loads like these sacks of aluminium oxide are usually settled in us dollars - the world's leading reserve currency. but volatile exchange rates are adding to the pain of the global slowdown. so, to counter this, china is promoting its rmb - albeit quietly - as
booming. >> amazing. kind enough to give us the rebate. three or four thousand dollars from general motters and then from the government. >> geraldo: ford also almost broke has seen its share fly high friday to eight times the amount. while auto execs and salesmen are singing, the conservative budget folks are not happy. >> recently one of the largest poultry producers in america, pilgrims if pride, just a few miles outside of my congressional district had to declare chapter 11. maybe we should have a cash for clubbers program and pay people to eat chicken and then pay people to buy tvs and then a program to pay people to buy lumber. >> all right, pretty good line there's. cash for cluckers cam campaigns. s.c.kupp joins me and kirsten and the reverent al sharpton. i'm sure that you particularly will be interested in the jackson revealations we are about to reveal here on the program live. first, i have to ask you about the cash for clunkers. how do you feel about it, reverend? how do you feel about the fact that now it will be $3 billion that we are giving people essentially free mo
'm courtney reagan. in the u.s., more dominoes could fall. more banks could go under before the current crisis ends. >>> hello and welcome to cnbc's "worldwide exchange." let's show you where the session currently is is. the ftse 300, 23 points dipped off the high for the session. european stock markets one hour into the trading day. after making three percentage points gains on monday, we're three points up again today as well. investors put more risk into the stock market. dollar-yen, 94.93. euro-dollar back from highs. cable knowledging back from the highs. euro/sterling, steady. christine, good to see you. >> here in asia, i'll call it the bernanke bounce after the optimistic comments from bernanke over the weekend. saying that the global economy could be coming out of the recession. the nikkei up 2.5%. the kospi, continuing to watch this climb. this market last week climbed sharply. still up 60% year to date. the sensex up 2.4%. overall a strong showing in asia. crude oil seems to be putting on gains, in hopes that a global economy is in order. light crude, $74 a barrel. brent is tacking
about 0.9%. psychiatrist teen. >> hey, bertha. joining us now for market strategy, we have our panelist, david cosbow. and here in singapore, steven davis, ceo of javelin wealth management. steven, are you at all surprised at how big a role the shanghai market played today in dictating market direction here in data? is this a start of more to come? >> i don't think one should be at all surprised. i think the only thing that's a surprised is that it's taken as long as it has in order to have a relatively sharp, quick correction. i think overall, asian markets have all rallied extraordinarily strongly this year, and in particular, obviously, since their lows of march 9th. so it's inevitable that we're going to see a degree of profit taking, readjustment of portfolios, call it what you will. i think on a longer term basis, the outlook looks roently positive and certainly our view remains that one should be using bouts of selling pressure to accumulate a bit more on weakness. >> david, do you agree with what stephen just said? >> yes, i think china is definitely important. there's no -- and
-section, not necessarily representative, but people coming up to us and having a discussion about health care. last night we pulled in to paducah, kentucky, and it was just remarkable, the number of people who showed up. so, what we did, we asked the restaurant across the road to give us some chairs. we sat down under -- 20 feet from the bus, got our cameras fired up, and we had our own town hall meeting. here's just a taste of what we heard. we're here in paducah, kentucky. we are hearing different things from people wherever we're going, but i haven't found too many people around here who are opposed to reforming health care. >> i'm for the idea, but i don't think that congress and the president has done a good job of disseminating the information. i'm just hearing a lot of flak and not a lot of meat and potatoes. >> reporter: what about you? >> i think right now we have a lack of choice. i mean, health care's expensive. i mean, the average costs of the coverage i found more often than not are more expensive than the actual care. i would think any choice, any viable choice, would be better than what we
trals to nortkorea to bring two american reporters home. >>> are ousands more u.s. troops going to afghanistan? itas a question that was considered at a supersececret meeting this past weend. >>> and rough flight. >> i woke up when mymy hd hit the ceiling. an ememergency l lanandiding af hitting turbulence over the atlantic. hitting turbulence over the atlantic. dozens are injured. captions paid for by abc, inc. >>> good morning. thanks for joining us on this tuesday. we start with breaking news on the fate of two american journalists held in north korea. former president clinton has arrived on a surprise visit to north korea. >> mr. clinton is expected to return with laura ling and euna lee. >> reporter: good morning, vinita. it is an extraordinary trip that is being made by former president bill clinton. clinton's visit to korea as there's heightened tensions over the nuclear programs. he hopes to win the freedom of those american journalists, laura ling and euna lee. he was greeted by the country's vice president and the vice foreign minister, who is also the country's chief
of analysts think gold is locked in a range new mexico after the united states labor day. >> joining us right now. we have our panel dibie and daniel. gentlemen, thank you very much for being with us. daniel, let me start with you first. a lot of risk aversion here in asia. how bumpy is the road ahead going to be for equities? >> i think it's going to be reasonably bumpy. valuations are clearly extend at about 9 1/2 times earnings. your risk/reward from these kind of levels is poor. back testing is a guide. also, i think there has to be concerns about the economic cycle here. it's clear that the u.s. consumer is doing nothing, that the spending is still very weak, both in the u.s. and europe and that is going to undermine the global economic cycle. and i think sentiment towards it could weaken in the months ahead and asian equities could drop 10% to 15%. >> we're getting news that china's sovereign wealth fund is looking to increase its joe seas by this year. surely, they must view that things are bottoming out. >> even at the six months horizon, the economic news flow will be very supportive
and as john charles daly used to sign off, good night and a good tomorrow. now to analyze the gop's new patients bill of rights that defends the kind of health care the president is proposing, ladies and gentlemen, sitting in for rachel maddow, here is allison stewart. >> good evening. thanks so much to you. unfortunately rachel is officially under the weather tonight. we'll do our very best to keep the candle burning. we have a loaded show with big names. we'll have insight on the release of the cia report and dr. howard dean will be here to discuss the rnc's latest health care reform foray and we'll weed whack through the latest antireform myths about the va health care. we'll begin with what's called the big kahuna on this show, a cia report detailing interrogation techniques including torture against prisoners in u.s. custody. the heavily anticipated report was finally made public today after months of delay and the details are significant and kind of gross. the now declassified report is still extremely redacted so large portions look something like this. but the pages that are not
pharmaceutical history and was, in fact, an addict. >> sources close to the investigation tell cnn jackson used 19 different aliases when he wanted prescription drugs. >> they were looking for prescriptions written in all of those names, which include the name of his personal chef, kai chase, and even his own son, prince jackson. >> the third day i was scared. when he came back he said, they're killing me, they're killing me because i'm working too much. >>> also, breaking news in the case of a missing 8-year-old idaho boy. the search growing more desperate as police announce suspicious circumstances surrounding the disappearance of robert manwill. new evidence is emerging tonight. what happened to 8-year-old robert? >>> 8-year-old robert manwill, missing for a week now from his boise, idaho, apartment. >> the desperate search goes on for this 8-year-old idaho boy that vanished without a trace. cops have been looking through the boy's apartment complex, his mom's place last night. >> investigators from the boise police department, with the assistance of the fbi, have located evidence that may b
the border from iraq straight into an international incident. >>> finally found, the remains of the first u.s. casualty of the persian gulf war have been recovered in iraq. michael scott speicher's family waited 18 years. >>> and extreme caution. amid signs of economic recovery. but the obama administration isn't saying the tax hikes are but the obama administration isn't saying the tax hikes are off the table. captions paid for by abc, inc. >>> good morning. thanks for being with us. i'm vinita nair. >> and i'm andrea canning filling in for jeremy hubbard. there are intense diplomatic efforts to learn more about the fate of three americans being held in iran. >>> they were captured after hiking in a dangerous region on the border between iraq and iran. abc's sonia gallego is in london with the latest. good morning. >> reporter: good morning. the families of the americans are still coming to terms with the news of their capture. and their arrest comes at a time of increased strain between iranian and the u.s. governments. the three, shane bauer from minnesota, a freelance journalist based in
. to fill us in on the week's top stories here's lauren. >> president-elect obama has chosen his security team. the biggest surprise - he nominated his former rival - hillary clinton - to be secretary of state. >> she possesses an extraordinary intelligence and a remarkable work ethic. >> mr. obama also announced he's nominating governor bill richardson of new mexico to be the secretary of commerce. >>> it's official -- the nation's economy is in a recession. that means instead of a growing economy, it's becoming weaker. all eyes are on washington for guidance. leaders of the nation's top car companies are willing to work for less than your weekly allowance. if the government loans their failing companies money - the ceo's of ford, chrysler, and gm say they'll take a salary of just $1 a year. >>> officials in india are blaming pakistani terrorists for the ten violent attacks in mumbai last week. u.s. secretary of state condoleeza rice is visiting the area hoping to ease tensions between the countries. >>> a surprising number of teens admit they cheat on tests. in fact, a study found 64% o
union is very pleased that the ftc is now using its power to promulgate rules, prohibiting or restricting unfair or deceptive acts or practices concerning mortgage loan modification and rescue schemes. with respect to hard-sell reverse mortgages, and our march article also warned consumers against the dangers of hard-sell reverse mortgages. banks and mortgage lenders are targeting seniors with television ads to entice them to take equity out of their homes through reverse mortgages. in an economy when many families savings have plummeted, such offers may indeed be attractive, but the lenders often bundle high fees, insurance charges and commissions into the loan and try to aggressively cross so consumers with other types of financial products such as annuities which may not be suitable for the. consumers union believes that the sort of reverse mortgages should be required to make sure that the loan is suitable for the borrower and that there is independent one on one pre-mortgage counseling. we also believe there should be caps on origination fees for all reverse mortgages
. harrington with 11, 12, and 13 to drop to two under. tiger used that window to begin to pull away. playing the 362 yard par 4, 14th. he's requesting to try to drive it on the green. and guess what? this one ends up on the back fringe. we remind you, a 362 yard par 4. he would bird hey from there to move to 6 under. next up, the par 5, 15th. this is harrington's second shot, from the fairway bunker. up over a bunker, on to the green. paddy said afterwards, tiger told me he'd pay to see someone do that. so i asked him for 50s. shoots a 73. finishes 3 under through two rounds. tiger on 15. third shot chipping from off the green to within a foot. he would tap in. birdie. moves to 7 under. three shots on 15, birdie putt. and the would bogie 18, shoot 70 for his second round. phil mickelson trying to make a late run putting with the eagles on the 7th hole on the front nine. he started on the back nine. makes it, shoots a 74. second straight day. sits at plus 4. 11 shots back of tiger woods. who is the story. four-shot lead over five players, lee westwood, ian poulter five off of missing the cut.
>>> tonight on "worldfocus" -- >>> israeli prime minister benjamin netanyahu and u.s. special envoy george mitchel meet to try to solve the thorny issue of jewish settlements in the west bank. can they find common ground? >>> from those trying to broker a peace to stockbrokers hoping to cash in on it. tonight, we take you to the palestinian stock exchange. it may be one of the world's smallest but the dreams are big. >>> in the wake of the world's economic meltdown, we have a special "how they see it" report from britain's itn which questions one of the basic principals of american economics. >>> and the world pays tribute to the passing of senator edward kennedy. >> from the world's leading reporters and analysts, here's what's happening from around the world. this is "worldfocus." made possible in part by the following funders -- major support has also been provided by the peter g. peterson foundation dedicated to promoting fiscal responsibility and addressing key economic challenges facing america's future. >>> good evening. i'm martin savidge. >>> the quest for peace in the midd
'll answer those questions and a few more. slogan comes to us from jack in georgia. north, south, east, and west. "fox & friends" is the best. [captioning made possible by fox news channel] captioned by the national captioning institute --www.ncicap.org-- brian: i recognize that music. steve: welcome aboard. gretchen: we are up in gear. steve doocy is back from vacation. i hope had you a wonderful time. steve: i went to the mother land of ireland for seven or eight days. it was fantastic. brian: meanwhile when the judge came back he found kilmeadian, the town. you came back with a w. no information about my ancestors. steve: i was at a place called kilmeadian jail. gretchen: it's not about you, brian. brian: i think it is. let's talk about the myriad of issues including firefighters out of in california. gretchen: start with your evidence lines for a monday morning. a bunch of stuff going on today including this fox news alert. a massive wildfire burning out of control near l.a. leaves two firefighters dead. vehicle overrun by fierce flames. plunged off the side of a mountain. captain
on policy and the federal reserve. >>> is the worst behind us? a growing number of the nation's top forecasters says the economy has already bottomed. today's market decision, the fed decision, trade data, a majority treasury auction and weekly mortgage applications. crude inventories, earnings from major retailers and much, much more as "squawk box" begins right now. >> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and carl quintanilla. the fed is set to wrap up a two-day meeting this afternoon. it has a policy statement that's expected at 2:15 eastern time. the central bank is widely expected to keep rates on hold for now even though a growing course of directors is looking for the fed to upgrade its comments on the economy. different economists say we could be nearing tend of a recession. the fed is expected to announce a program to buy $300 trillion in treasuries will come to an end in september. >>> a new survey of the nation's economists find ben bernanke should be reappointed to a new term as federal reserve chairman. mea
for children. although i think he used to be a lot funnier when he was a republican. it took in $2,000. the senator may be going back to scenes like those town hall meetings. >>> this is a fox news alert. hurricane bill churning off the east coast as it surges north over the atlantic. hello, everyone. i'm gregg jarrett. welcome to a brand-new hour of america's news headquarters. >> hurricane bill creating rough waves. the storm is losing some strength. it's now downgraded to a category 1 storm. as it's moving a little north over cooler waters. safety officials in new england are urging extreme caution for folks in the area as bill is drawing near. domenica davis is in the fox weather center with the latest. hi. >> yes, this advisory came in, they have downgraded bill to a category 1, which is good news because it's 300 miles to the south of nantucket and that means it will make a pass to the east of the island late this evening, tomorrow. heavy swell also start to move in. that will be the name of the game, heavy rain bands moving through and as we've been looking at the pictures,
their coverage over. but leave us alone, that is all that we would ask. will you leave us alone. [applause] i would like to ask you if you will commit to working on those problems rather than throwing everything into turmoil. >> what -- would i commit to working on those problems and throwing everything into turmoil, that is a general statement that i can agree with, i will stay in touch and i will be back next year. and if i am reelected i will be back the year after that. who has no. 7? >> thank you for coming, arlen specter. >> let me answer more fully. i do not want to see tomorrow, we want to have a sense of an answer. we have a series of problems. i want to take them up one by one. we want to figure out what the problem is, and what is the way that we should deal with them in a democracy. >> [inaudible] >> i am not familiar with 3400, let me move on. >> i am a republican, but i am a conservative. i do not believe this is just about health care. it is not about tarp, left and right. this is about the systematic dismantling of this country. dismantling of this country. 'm only 35 years ol
and will they not come out in the next couple of years then? brian: twitter.com. tell us what you think. have the clunkers worked for you have you bought? are you a dealer? the president of the united states an interesting tact yesterday. after going a couple of days without talking about health carat all he sat down with what he considers, some consider, a conserve fife talk show host -- conservative talk show host and had a 25-minute interview in which he took some calls. gretchen: he did. and the president laid out four things that absolutely must be in his idea of what health care reform is here they are. gretchen: must be deficit neutral. i'm not sure what that means. do you? peter: based on the h.r.3100 or whatever number, the big bill is, that there will be an impact. so i don't know where that's coming from. gretchen: it must bend the cost curve. he sounds like an ee condition mist. peter: that's another word for rationzing. gretchen: thank you, peter. insurance reform for all despite preexisting conditions. we've heard that before. peter: and there's agreement with the republicans on
morning, obviously, ann thompson of cnbc in hyannis port bringing us the news. john harwood is our chief washington correspondent and joins us in d.c. today. john, people are going to immediately turn, at least in the business world, to try and answer questions about what this means for the liberal agenda, business policy going forward. do you see any effects in the short to medium term? >> i doubt it, carl. you know, ted kennedy is, as that statement from barack obama said, the foremost legislator of this time. his career had incredible impact for decades. his family had an even greater impact for an even longer period of time. he's one of 60 votes in the senate. there are many like-minded senators. there are strong committee chairs trying to move health legislation and i think democrats will try to use the emotie emotional bounce and umph from this moment and the grief people are feeling to try to propel this initiative forward. but i don't see a very, very large impact in the short-term or the medium term. democrats are going to end up with another senator from massachusetts, whenever
>>> let us begin on this mours morning with those plans to remember senator ted kennedy. nbc's andrea mitchell is outside the kennedy compound in hyannis port. andrea, good morning to you. >> reporter: good morning, matt. here at the compound the kennedy family has been standing vigil round the clock at the senator's side since he died. visitors say the mood inside is quiet, spiritual, it's emotional but it's also a celebration of the senator's life. in nantucket sound, a light chip illuminated the senator's beloved boat "mya" on which he escaped to the sea when he could barely walk or speak. >> as we remember the life and legacy of senator edward moore kennedy. >> reporter: at fenway, a moment of silence from the senator's beloved red sox. tributes poured in all day beginning with the man he all by anointed the political heir to the kennedy dynasty. >> he became not only one of the greatest senators of our time, but one of the most accomplished americans ever to serve our democracy. >> reporter: from across the aisle and political spectrum, policy disagreements were forgotte
to free the lockerbie bomber and reaction from the former leader of the investigation, here in the u.s. >> a present inferno. fire consumes a kentucky prison in the midst of a massive riots. now investigators want to know how the prison descended into chaos. >> plus a victim of its own success. as the cash for clunkers program speeds to its monday cut off, folks across the country are racing to the dealer hoping for a last minute bargain. but some are finding out it's already too late. >> julie: a "fox news" whether alerts. the first atlantic hurricane of the season for the off the east coast tonight churning up rough seas and recurrence. hurricane bill will likely not make landfall here in the u.s. but it is still packing or the forceful winds reaching up to 85 mph. it is ruining one of the last vacation weekends of the summer. one of the states being hit forces of massachusetts. resident obama is traveling there tomorrow with his family. the obama specification on barthes vineyard. so far the white house has not said whether the hurricanes will affect their plans. our dominica davis
. sky 9 is over that station right now providing us with this live picture. we have been told that one person was injured on the track and possibly struck. again, you should expect delays on the orange line while rescue officials take care of the situation and while they investigate exactly what happened. >>> there's another developing story that we want to tell you about. this one involving a woman who disappeared 13 years ago. her name is shah cheetah bell and she was murdered by her boyfriend. however, her body was never found. today authorities are searching a wooded area near fort washington, maryland. we have been told so far nothing has been found but we will have more information throughout the day on our website at wusa9.com and tonight on 9 news out in at 5:00. >>> now the it willest on health care reform. democrats are sending reinforcements to the front lines in the fight with reform opponents. they have set up a war room on captiol hill and the white house has launched a website to counter critics. drew levinson reports from coast to coast, the battle is heating up. >> hey
tripoli, where the only man convicted of the bombing of the u.s. passenger jet over lockerbie in scotland 21 years ago is enjoying his forceful day of freedom. arguments are continuing, though, on whether the scottish authorities were right to release abdelbaset al-megrahi from prison on compassionate grounds, suffering from prostate cancer. british foreign secretary david miliband adding his voice. he described it as deeply distressing. 207 people lost their lives when a pan am jumbo jet was ripped apart by an explosion in 1988. many of the victims were american. let us get the latest. >> it was everything many relatives feared -- a convicted terrorist welcomed home as a hero. stepping of colonel khadafy's private jet, abdelbaset al- megrahi was showered and confetti and hugged by the libyan leader's son. he was now wearing a suit surrounded by it -- wearing a suit, surrounded by his countrymen. earlier crowds of young men gathered to show his support. al-megrahi's returns coincides with the 40th anniversary of the revolution that brought it back into power. >> the use of libya are the u
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